The Employee Retirement Income Security Act of 1974 (ERISA) helps to protect workers from poverty after retirement. The law creates restrictions on how companies manage pensions and employer-sponsored retirement benefits. Although the name specifically references retirement resources, ERISA also governs employer-sponsored disability benefits. Companies that…
Insurance companies underwrite policies as a way to generate revenue. These companies make money by collecting premiums and lose profits when they have to pay large claims. The majority of insurance providers are for-profit organizations, which means that their best interests directly oppose the interests…
Many people can’t help but take time off when they’ve suffered a medical issue. This can create a lot of issues, especially if the person suffering from a medical condition is the primary wage earner for their household. Many people can’t afford to take any…
When a loved one passes away, there are a lot of things that those who were close with them have to take care of. What some individuals might not realize is that even dealing with a life insurance policy isn’t always easy. Still, it’s necessary…
If you’re using your short-term disability (STD) or long-term disability (LTD) benefits to take time off work to recover from an injury or surgery, you may assume that you will need to cancel any planned vacation and certainly not make any new plans while you’re…
Most people expect to work consistently throughout their adult lives until they reach retirement age. People count on having good health throughout their working years so that they can support themselves and their families. They may have very little in savings, other than what they…
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